VIA EDGAR AND
OVERNIGHT DELIVERY

Division of Corporation
Finance
U.S. Securities and Exchange Commission

100 F. Street, N.E.

Judiciary Plaza

Washington, D.C. 20549-1004

Re:

Current
Media, Inc.

Registration Statement
on Form S-1 (File No. 333-148881)

Application for
Withdrawal

Ladies and Gentlemen:

Pursuant to Rule 477 promulgated under the Securities Act of 1933,
as amended (the Act), Current Media, Inc., a Delaware corporation (the Registrant),
hereby respectfully requests withdrawal of its Registration Statement on Form S-1
(File No. 333-148881), together with all exhibits and the amendments
thereto (the Registration Statement).
The Registration Statement was originally filed with the Securities and
Exchange Commission (the Commission) on January 28, 2008.

In light of current
market conditions, the Registrant has determined not to proceed at this time
with the public offering contemplated by the Registration Statement. The Registrant hereby confirms that no
securities have been sold pursuant to the Registration Statement and all
activity regarding the proposed public offering has been discontinued. The Registrant hereby informs the Staff that
it may undertake a subsequent private offering in reliance on the safe harbor set
forth in Rule 155(c) promulgated under the Act.

The Registrant also
requests that, in accordance with Rule 457(p) under the Act, all fees
paid to the Commission in connection with the filing of the Registration
Statement be credited to the Registrants account with the Commission for
future use.

It is our understanding
that this application for withdrawal of the Registration Statement will be
deemed granted as of the date that it is filed with the Commission unless,
within fifteen days after such date, the Registrant receives notice from the
Commission that this application will not be granted. If you have any questions regarding this
application for withdrawal, please contact Daniel E. OConnor, Esq., of
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP, legal
counsel to the Registrant, at (650) 463-5470.